Why do you think it would be confusing to call the accumulated provision for depreciation account the
Question:
Why do you think it would be confusing to call the accumulated provision for depreciation account the 'provision for depreciation account'?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Use of the term provision for depreciation account can be very confusing as the name of the account ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
The Weld, Bergevin, and Magrath article points out that if a company is going to intentionally manipulate earnings, they must be astute enough to present financial statements that still seem...
-
Children's Hospital & Clinics COO Julie Morath set out to change the culture by instituting a policy of blameless reporting, which encourages employees to report anything that goes wrong or seems...
-
The quarter system. Many universities operate on a four-term quarter system that requires class registration four times per year as opposed to semester systems that require class registration just...
-
On the income statement for the year ending December 31, Y1, the accountant for ABC calculated operating income before taxes of $300,000. This $300,000 did not include the effect of any of the...
-
How would you describe/define strategy?
-
If you were the general manager for this property, what actions would you take and why?
-
how researchers used logistic regression to study attitudes toward global warming
-
(a) Use vector components to prove that two vectors commute for both addition and the scalar product. (b) Prove that two vectors anticommute for the vector product; that is, prove that A x B= -B x A.
-
Exercise 11-6 (Video) Lewis Company's standard labor cost of producing one unit of Product DD 3.30 hours at the rate of $12.40 per hour. During August, 43,900 hours of labor are incurred at a cost of...
-
What advantages are there in making this exception to the rule by using 'depreciation' rather than 'accumulated provision for depreciation' in the entry in the statement of profit or loss?
-
A company starts in business on 1 January 2014, the financial year end being 31 December. You are to show: (a) The equipment account. (b) The provision for depreciation account. (c) The statement of...
-
What are the arguments for increased social responsibility?
-
Consider the project information in the table below: Draw and analyze a project network diagram to answer the following questions: a. If you were to start on this project, which are the activities...
-
Lacey, Inc., had the following sales and purchase transactions during 2011. Beginning inventory consisted of 80 items at \(\$ 120\) each. Lacey uses the FIFO cost flow assumption and keeps perpetual...
-
Refer to the Camp Sunshine data presented in E5-9. Required: 1. Perform a least-squares regression analysis on Camp Sunshines data. 2. Using the regression output, create a cost equation (Y = A + BX)...
-
The following information pertains to the first year of operation for Sonic Boom Radios, Inc. Required: Prepare Sonic Booms full absorption costing income statement and variable costing income...
-
Jane Crawford, the president of Crawford Enterprises, is considering two investment opportunities. Because of limited resources, she will be able to invest in only one of them. Project A is to...
-
In teams of three or four, interview managers of small real estate agencies. Discuss with these managers the nature of the agents relationship with the principal, including agents authority and other...
-
The area of square PQRS is 100 ft2, and A, B, C, and D are the midpoints of the sides. Find the area of square ABCD. B A
-
Explain the following: Understand the PPE acquisition (or investing) cycle and related significant transactions and source documents Understand the relevant assertions/objectives about PPE balances...
-
Problem 3 Progress Company acquired 6 0 % of Stall Corporation on 1 2 0 2 0 . Fair values of Stall's assets and liabilities approximated book values on that date. Progress uses the initial value...
-
C: The sor at the poopecin 0ieund to twe oxind places)
Study smarter with the SolutionInn App